Morningstar, Inc. (MORN)

Morningstar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	552.9	337.9	376.6	483.8	422.5	334.1
Short-Term Investments	48.8	51.1	38	62.3	41.7	33.4
Cash & Short-Term Investments	601.7	389	414.6	546.1	464.2	367.5
Cash Growth	65.44%	-6.17%	-24.08%	17.64%	26.31%	-7.17%
Accounts Receivable	328.4	343.9	307.9	268.9	205.1	188.5
Other Receivables	-	0.6	-	8.9	2.2	6.3
Receivables	328.4	344.5	307.9	277.8	207.3	194.8
Prepaid Expenses	44	34.9	36.7	30.6	31.7	-
Other Current Assets	48.7	47.3	51.6	33.1	26.8	40.9
Total Current Assets	1,023	815.7	810.8	887.6	730	603.2
Property, Plant & Equipment	369.9	371.6	391	321	302.8	299.5
Long-Term Investments	96	100.2	96	63.3	32.6	59.6
Goodwill	1,580	1,579	1,572	1,207	1,205	1,039
Other Intangible Assets	432.5	484.4	548.6	328.2	380.1	333.4
Long-Term Deferred Tax Assets	30.9	14.6	10.8	12.8	12.6	10.7
Long-Term Deferred Charges	27.5	29.3	35.4	31.1	18.5	13.5
Other Long-Term Assets	7.1	8.8	10.5	11.7	14.4	11.9
Total Assets	3,566	3,403	3,475	2,863	2,696	2,371
Accounts Payable	80.4	78.4	76.2	76.5	64.5	58.9
Accrued Expenses	216	214.4	220.1	273.7	169.2	137.5
Current Portion of Long-Term Debt	-	32.1	32.1	-	-	11
Current Portion of Leases	32.2	36.4	37.3	36.4	39.9	35.8
Current Unearned Revenue	539.5	517.7	455.6	377.4	306.8	250.1
Other Current Liabilities	27.8	1.8	61.2	19.5	46.1	2.5
Total Current Liabilities	895.9	880.8	882.5	783.5	626.5	495.8
Long-Term Debt	864.7	940.3	1,078	359.4	449.1	502.1
Long-Term Leases	145.7	151.4	176.7	135.7	137.7	138.7
Long-Term Unearned Revenue	23.1	26.3	33.5	36.4	33.5	32.2
Long-Term Deferred Tax Liabilities	29.9	35.6	62.9	101.7	108.9	95
Other Long-Term Liabilities	41.3	41.2	34.6	30.1	68.9	23.5
Total Liabilities	2,001	2,076	2,268	1,447	1,425	1,287
Additional Paid-In Capital	809.8	789	757.8	689	671.3	655
Retained Earnings	1,812	1,611	1,535	1,527	1,389	1,218
Treasury Stock	-981.6	-985.5	-986.7	-764.3	-767.3	-728.7
Comprehensive Income & Other	-74.2	-86.5	-99	-35.3	-22	-60.6
Total Common Equity	1,566	1,328	1,207	1,416	1,271	1,084
Shareholders' Equity	1,566	1,328	1,207	1,416	1,271	1,084
Total Liabilities & Equity	3,566	3,403	3,475	2,863	2,696	2,371
Total Debt	1,043	1,160	1,324	531.5	626.7	687.6
Net Cash (Debt)	-440.9	-771.2	-909	14.6	-162.5	-320.1
Net Cash Per Share	-10.22	-17.98	-21.19	0.34	-3.76	-7.41
Filing Date Shares Outstanding	42.88	42.73	42.48	42.96	42.9	42.85
Total Common Shares Outstanding	42.88	42.73	42.48	43.14	42.9	42.85
Working Capital	126.9	-65.1	-71.7	104.1	103.5	107.4
Book Value Per Share	36.51	31.08	28.42	32.82	29.64	25.29
Tangible Book Value	-446.4	-735.4	-913.2	-119.3	-313.7	-288.9
Tangible Book Value Per Share	-10.41	-17.21	-21.50	-2.77	-7.31	-6.74
Machinery	-	152.6	144.4	124.8	112.6	106.1
Construction In Progress	-	13.8	13.7	11	8.6	5.5
Leasehold Improvements	-	113.3	106.5	100.7	96	92.1

Source: S&P Capital IQ. Standard template. Financial Sources.